Officials of Lang Son’s Market Watch check goods’ origin. (Photo: dantri.com.vn)
Hanoi (VNS/VNA)- E-commerce is a potential goldmine for businesses over the next two yearswith a potential reach of 10 billion USD.
But it also offers opportunities for counterfeit and smuggled goods, aconference in the north-eastern province of Quang Ninh was warned on March 4.
With the development of the Fourth Industrial Revolution and digital age,e-commerce has created a new playground for businesses to develop.
In addition more and more domestic firms are providing e-commerce services.
Statista Market Research Company says e-commerce revenue in Vietnam reached 2.26billion USD last year, 30 percent up from 2017.
Vietnam ranked 6th among the top 10biggest e-commerce countries in the world after China, the US, UK, Japan andGermany.
The growth rate this year is expected to be 35 percent. Butthe success comes at a price.
“In addition to positive development, there has been trade fraud, counterfeitgoods and violations of intellectual property rights,” said Dang Hoang An,deputy minister of Industry and Trade.
“This is a challenge for management agencies to have measures to protectconsumers.”
A representative from Hanoi’s Market Watch said in reality, they are facingdifficulties monitor websites which violate the law.
E-commerce websites usually use images of real and genuine goods for sale at amuch cheaper price and use social media sites to sell smuggled and fakecigarettes and cigars.
The department recently seized thousands of packets of fake food supplementssold online.
Vietnam Directorate of Market Surveillance TranHuu Linh said the National SteeringCommittee 389 would continue to hand out strict punishments for violationsof trade fraud and fake goods.
Meanwhile, it would improve its staffing levels to catchup with new technology applications.
In addition, Market Watch will create a database and e-invoice system tosupervise the market while improving people awareness on laws and regulationsto help consumers understand their rights and duties.-VNS/VNA
E-commerce is growing rapidly and thus posing challenges to State management agencies, as heard at a conference held in Ho Chi Minh City on September 14 reviewing the five-year implementation of the government’s Decree No.52/2013/ND-CP on e-commerce.
E-commerce has rocketed in Vietnam over the past five years, with online retail sales expanding 20 percent annually, according to the Department of E-commerce and Digital Economy under the Ministry of Industry and Trade.
Vietnam’s e-commerce market is predicted to boom in the near future, given that 53 percent of the population uses the internet and nearly 54 million people use smartphones.
The past four years have seen a busy journey for the e-commerce market in Southeast Asia and Vietnamese e-commerce growth rate ranked second, just behind Indonesia, in the region, according to Google and Temasek.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
Officials of Lang Son’s Market Watch check goods’ origin. (Photo: dantri.com.vn) 
